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May 22, 2012
05/12
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our advertising supported model is very good for consumers on our economy. at the same time new it technology, new innovation will drive new business models. we shouldn't discourage innovation. >> reporter: if the courts overturn the order to mandate net neutrality which is this ruling that all times of data should be treated equally by comcast and other broad band providers, what will that mean for the companies here at the cable show? >> when i took this job we inherit add big radioactive fight between the it technology industry and internet service providers that we resolved a year and a half ago with an order that adopt add framework that has brought certainty and predictability to the marketplace and that's working. across the broad band economy, apps and networks, innovation is up, investment is up, job creation is up. we're in a good place and should stay there. it's working and we should stay where we are. >> reporter: if the courts overturn it, what will you do then? >> i will not speculate but for everyone the system that we have in place is workin
our advertising supported model is very good for consumers on our economy. at the same time new it technology, new innovation will drive new business models. we shouldn't discourage innovation. >> reporter: if the courts overturn the order to mandate net neutrality which is this ruling that all times of data should be treated equally by comcast and other broad band providers, what will that mean for the companies here at the cable show? >> when i took this job we inherit add big...
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May 18, 2012
05/12
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economy. so much is needed at a very high end and many times, they can't find qualified people. >> facebook, italian facebook, yeah. >> well, guys, monday, as you know, as you remember, it was mark zuckerburg's 28th birthday. he will have a lot more to celebrate at the bottom of this hour. a lot more special coverage of facebook's ipo and their first trading day when squawk on the street returns. is now within your grasp with the all-new e-trade 360 investing dashboard. e-trade 360 is the world's first investing homepage that shows you where all your investments are and what they're doing with free streaming quotes, news, analysis and even your trade ticket. everything exactly the way you want it, all on one page. transform your investing with the all-new e-trade 360 investing dashboard. >>> and certain lly there's another big story. jamie dimon has agreed to testify on the bank's recent $2 billion trading loss. the panel is scheduled for next tuesday and another one on june 6th. this chronicl
economy. so much is needed at a very high end and many times, they can't find qualified people. >> facebook, italian facebook, yeah. >> well, guys, monday, as you know, as you remember, it was mark zuckerburg's 28th birthday. he will have a lot more to celebrate at the bottom of this hour. a lot more special coverage of facebook's ipo and their first trading day when squawk on the street returns. is now within your grasp with the all-new e-trade 360 investing dashboard. e-trade 360...
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Apr 17, 2012
04/12
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you have a staple with growth in developing economies and emerging economies. few companies do that well. >> sparkling is the area -- soda especially. whatever fizzes is sparkling. that's been slow in north america. slow down in soft drink sales. we are seeing a growth in sparkling beverages in north america on top of energy drinks and teas. that's a powerful combination. close to 52-week highs. people reach toward that when there is market turmoil. the stock is seeing nice gains in the premarket here. in terms of still beverages, water up 15% on the quarter. teas up 10%. energy drinks helped by the ncaa and powerade is up 25%. those are the highest growth areas. we are seeing a nice gain. >> what it may mean in terms of what was a loss of market share and pressure we know is on to reverse the slide? >> it just highlights the increased pressure pepsi is under. the fact that coke can make the sparkling story work in north america and around the world but particularly north america because it is a mature market puts the pressure on pepsi. pepsi is a totally diffe
you have a staple with growth in developing economies and emerging economies. few companies do that well. >> sparkling is the area -- soda especially. whatever fizzes is sparkling. that's been slow in north america. slow down in soft drink sales. we are seeing a growth in sparkling beverages in north america on top of energy drinks and teas. that's a powerful combination. close to 52-week highs. people reach toward that when there is market turmoil. the stock is seeing nice gains in the...
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Aug 20, 2012
08/12
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what's your take on the economy in europe? has it bottomed out or do you at least see a bottoming out there and you can say, okay, we think we see things improving? >> we talked about this a few times in the last year or so. if i looked at 2011, europe was a tale of north and south. the southern european countries were quite difficult, quite challenging. northern european countries last year were moving forward but at a relatively slow pace. this year i think you could say that the slow pace is right across the whole continent now. having said that, you know, the uk has performed quite well this year. germany is holding in there. some of the low countries, n netherlands, belgian, they have seen growth. the southern european issues are not something that are going to turn around this year, probably not next year. so we see a flat to sideways movement in the market over the next 12, 18 months ahead. >> quickly, about the u.s. luxury market, your sales are up 9.5% this year. you're a smidgen behind mercedes-benz. have the luxury
what's your take on the economy in europe? has it bottomed out or do you at least see a bottoming out there and you can say, okay, we think we see things improving? >> we talked about this a few times in the last year or so. if i looked at 2011, europe was a tale of north and south. the southern european countries were quite difficult, quite challenging. northern european countries last year were moving forward but at a relatively slow pace. this year i think you could say that the slow...
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Apr 13, 2012
04/12
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economy. i can't get a bid on the spanish economy. no. but i can get a price here. it was $44.48 about an hour ago and i wanted that. >> if hedge funds control 2 trillion in assets and a lot of going risk on/risk off and if they feel spain is not looking good they are going to sell and you'll be screwed. >> we should get to google. >> you used the word screw. >> was that all right? >> i guess. it's done. cat is out of the bag. >> you did too. >> i was quote ug. >> let's get to google unveiling a controversial stock plan first quarter profits come in better than forecast the company announcing a two for one effective stock split that create as new class of nonvoting shares. now there are two ishs here with goolg. the results which came in mixed. better than expected on the top line and bottom line essentially. but it decline more than people thought. that's a continue for concerns. they were able to manage expenses. mixed bag. then we have this whole issue of the effective stock split. >> the r
economy. i can't get a bid on the spanish economy. no. but i can get a price here. it was $44.48 about an hour ago and i wanted that. >> if hedge funds control 2 trillion in assets and a lot of going risk on/risk off and if they feel spain is not looking good they are going to sell and you'll be screwed. >> we should get to google. >> you used the word screw. >> was that all right? >> i guess. it's done. cat is out of the bag. >> you did too. >> i was...
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Aug 17, 2012
08/12
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we're in a tough economy right now. markets very volatile. how does this global macro situation affect or not affect this market? >> it does affect us in the sense that it actually brings confidence into our car market. there are uncertainties in the worldwide markets. certainly there's a flight towards hard goods, collectibles. we've found that the car market has really strengthened from that. people feel very comfortable putting their money in assets that they know, love and enjoy. >> reporter: we talked to owners yesterday who said, i'd rather put my money in a car that's going to be safe in the garage, unlike a stock which could disappear overnight. tell us, as an investment, what should people know -- is this a sure bet? are cars a great safe investment, or are there things investors should know before looking at cars at a sure bet investment? >> every investment has its risks, obviously. and cars have been great investments. but i always tell people, buy it because you love it. buy it in case if it goes up or down, you've got to love it
we're in a tough economy right now. markets very volatile. how does this global macro situation affect or not affect this market? >> it does affect us in the sense that it actually brings confidence into our car market. there are uncertainties in the worldwide markets. certainly there's a flight towards hard goods, collectibles. we've found that the car market has really strengthened from that. people feel very comfortable putting their money in assets that they know, love and enjoy....
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Dec 13, 2012
12/12
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economy. obviously, if you just look at the breakout, only 10%. but the spinoffs of housing, automotive, very good, both in bull market mode. i attribute a lot of that to what the fed has done. gave lot of credit to the fed, perhaps, but also feel the debate shifted yesterday in washington. i began to hear way too many people say, you know what the president is curiously unengaged when it comes to cuts. i have always felt the president had the upper hand in this debate. i listened to bernanke and bernanke says, listen, i know they aren't going to come to deal. i see a lot of republicans on air saying we start to understand what they are they want as cuts. not hearing anything from the president. made me feel grim about the fiscal cliff, good about what the fed wants to do, very grim about the power of the fed, beyond what it's already done. >> the "wall street journal"/nbc news poll of americans about the fiscal cliff, some very interesting findings, just to that point, jim, two-thirds polled want congress to strike a deal and cut the budget, even
economy. obviously, if you just look at the breakout, only 10%. but the spinoffs of housing, automotive, very good, both in bull market mode. i attribute a lot of that to what the fed has done. gave lot of credit to the fed, perhaps, but also feel the debate shifted yesterday in washington. i began to hear way too many people say, you know what the president is curiously unengaged when it comes to cuts. i have always felt the president had the upper hand in this debate. i listened to bernanke...
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Mar 5, 2012
03/12
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so again we hear the transition to the domestic consumer economy away from the export economy. >> look. china is not going to be able to slow its growth for too long. one of the things people don't understand about china is you have to go back to what happened in our country between the 1830s and the 1880s which was the industrial revolution. you have western china beginning to have industry and that requires a big buildout. it requires a 14% increase in electricity. i do not think we should be fretting too much about china. i think we must be fretting about oil because oil is the thing that i think can really take us off track here. we are picking up the slack for china right now. >> so are you saying that there will be a slow down in china or there will not be a slow down in china? because you are saying we can pick up the slak. >> i think china has been very wrong. china hasn't been a great forecaster of itself. if china declined of a half percent can be made up by the united states. >> so there is a slow down going on but we can make up for it in terms of demand. >> remember, coppe
so again we hear the transition to the domestic consumer economy away from the export economy. >> look. china is not going to be able to slow its growth for too long. one of the things people don't understand about china is you have to go back to what happened in our country between the 1830s and the 1880s which was the industrial revolution. you have western china beginning to have industry and that requires a big buildout. it requires a 14% increase in electricity. i do not think we...
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Feb 2, 2012
02/12
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assets, all the capital in the economy and if you don't have a strong economy, if you have a weak economy, you're not kbrgoing to get good returns on all the other assets. >> my time is running out. let me give you a business sense of this. a lot of us believe that the federal reserve was too loose for too long in the 2003 to 2005 period. and that is what, in part, led to the asset bubble and the now investment that we have and the problems we have today. i know you don't agree with that, but because you don't agree with that, our fear isa you're just going to repeat these same mistakes again but on the order that we can't comprehend right now. and -- sort of bailing out fiscal policy because the branch of government in charge of fiscal policy, this branch is not doing its job. i mean a budget hasn't passed congress in two years, we're going to pass a budget, we did win last year, but there's nothing in the senate. so fiscal policy not being done the way it needs to be done, but that's not for the federal reserve to come in and bail us out because that can be done at the expense of the pr
assets, all the capital in the economy and if you don't have a strong economy, if you have a weak economy, you're not kbrgoing to get good returns on all the other assets. >> my time is running out. let me give you a business sense of this. a lot of us believe that the federal reserve was too loose for too long in the 2003 to 2005 period. and that is what, in part, led to the asset bubble and the now investment that we have and the problems we have today. i know you don't agree with that,...
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Jun 21, 2012
06/12
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economy. wow. by the way, interesting off the table -- it was only a few month ago that romney was gearing up to really start hitting obama on gasoline prices. that's probably been taken off the table. at least for a little bit of while. summer driving season has begun in ernest. >> it is rather amazing. you've got iraq pumping. libya pumping like mad. obviously the saudis are pumping. you've got the price, the marginal dollar of oil is getting to where we're no longer competitive on our new rigs if you're spending a lot of money because a lot of our oil is $60, $70 a barrel. our oil is all in the wrong places. we do not have pipeline capacity to take it to where the refineries -- we're way overloaded in the midwest. we don't have enough refinery capacity in the east and midwest which is why our price at the pump still pretty high. >> although -- gasoline negative for the year. when you see wti at 80 -- it actually went below 80 briefly earlier this morning. that is a relief. at the same time it's
economy. wow. by the way, interesting off the table -- it was only a few month ago that romney was gearing up to really start hitting obama on gasoline prices. that's probably been taken off the table. at least for a little bit of while. summer driving season has begun in ernest. >> it is rather amazing. you've got iraq pumping. libya pumping like mad. obviously the saudis are pumping. you've got the price, the marginal dollar of oil is getting to where we're no longer competitive on our...
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Dec 24, 2012
12/12
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but what about the economy? bank rate says one in three consumers tell it the fiscal cliff is making them hold back on spending and budgets are on everyone's mind. >> definitely shopping on a budget because i just wrote a book and i had to spend a lot of money to get the book printed so i have to be very careful. >> we're always on a budget but we always exceed it. >> my budget this year is lower than last year but it's going okay. i am still able to get people little gifts here and there. >> we're spending a lot of money this year. we're buying everybody gifts this year. just because, i guess, it's almost the end of the world. >> well, it's not the end of the world. she still has to pay her credit card bills. costco and nordstrom, he said this weekend it looks like it was a little tepid and it is very tough to gauge how online sales have been. >> everybody is up extremely strongly online but at the same time i think a lot of the retailers gave such good discounts and for so long so early that i think they pulle
but what about the economy? bank rate says one in three consumers tell it the fiscal cliff is making them hold back on spending and budgets are on everyone's mind. >> definitely shopping on a budget because i just wrote a book and i had to spend a lot of money to get the book printed so i have to be very careful. >> we're always on a budget but we always exceed it. >> my budget this year is lower than last year but it's going okay. i am still able to get people little gifts...
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Sep 26, 2012
09/12
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economy, we're watching materials as well today. typically these react most when we have these increase concerns about the problems in the eurozone, the ongoing problems and the lack of progress in actually dealing with those problems. higher expenses at apply there. that stock is likely to be a big mover today. we want to note american greeting signal a.m. receiving an offer to go private from the weis family. again, still no open for the ipo. >> let's shift to the bonds and the dollar. good morning, rick. >> good morning, carl. like an answering machine, there's a loop and the markets have a loop and we're seeing this loop again and we all know what it is. let's look at some one-month charts. it's starting to come down. you can see aggressively the boon chart, over the sea, over the pond. their rates on the ten-year maturity are looking very similar. also moving down. well, what's moving up? let's look at a one-month chart of two-year maturities in spain. you can see what's kicking up. about 25 basis points. you can see what's kic
economy, we're watching materials as well today. typically these react most when we have these increase concerns about the problems in the eurozone, the ongoing problems and the lack of progress in actually dealing with those problems. higher expenses at apply there. that stock is likely to be a big mover today. we want to note american greeting signal a.m. receiving an offer to go private from the weis family. again, still no open for the ipo. >> let's shift to the bonds and the dollar....
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Sep 10, 2012
09/12
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china is an economy that is expanding. it doesn't have a huge output gap, unlike the developed economies that are in processes of quantitative easing. so when you've still got inflation concerns, you can't get away with printing money or you just compound your inflation issues. i think with regards to leadership change, it is important to highlight some of the good data points that we had over the last 72 hours. the retail sales are still around 13% over a year earlier. and we've had auto sales expanding at 8%. so the consumption data is okay. the problem is the 47% of gdp, capital formation. that's where we're seeing the slowdown. that's where we're forecasting absolutely no growth in steel production. it's likely there will be no growth -- perhaps it's more indicative of what's happening in heavy industry while the consumer is still okay. and i suppose from the perspective of beijing, if the consumer is okay, the population is feeling okay, they're not too worried. >> so, adrian, let's bottom-line this for our viewers he
china is an economy that is expanding. it doesn't have a huge output gap, unlike the developed economies that are in processes of quantitative easing. so when you've still got inflation concerns, you can't get away with printing money or you just compound your inflation issues. i think with regards to leadership change, it is important to highlight some of the good data points that we had over the last 72 hours. the retail sales are still around 13% over a year earlier. and we've had auto sales...
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467
Feb 3, 2012
02/12
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we are in a world economy. why if you get a product in a world economy it costs you 35% to bring the money back to america so they hold the money outside when every other country has 5% or zero? statistically doint see where the argument stands. >> are you afraid a number like this gives lawmakers less impetus to examine measures like a repatriation tax holiday? >> i don't see people here getting a sugar high. we have a high unemployment rate. we have a cbo report that says for the fourth time we're going to have the highest deficit than any other time. we've got a national debt continuing to rise. we've got people continuing out of work. i think we need to get back to work in creating jobs. why would you say no to the keystone pipeline when there are 20,000 jobs there just because you have a good number in one month? let's put all of america back to work. >> well, if the concern is deficits, congressman, deficits are ostensibly solved in time through growth and a number like today is not just the jobs number b
we are in a world economy. why if you get a product in a world economy it costs you 35% to bring the money back to america so they hold the money outside when every other country has 5% or zero? statistically doint see where the argument stands. >> are you afraid a number like this gives lawmakers less impetus to examine measures like a repatriation tax holiday? >> i don't see people here getting a sugar high. we have a high unemployment rate. we have a cbo report that says for the...
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Sep 25, 2012
09/12
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eye 238
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faster than expected slowdown could say about the global economy. >>> tweet time. one controversy after another with the nfl's replacement refs in last night's game between seattle and green bay only made things worse. a controversial call give the seahawks the win over the packers. you see two different calls there from the officials. so, if your portfolio was decided on by nfl replacement refs they would have told you to buy what and here's why. tweet us and we'll read your answers next. [ male announcer ] you are a business pro. governor of getting it done. you know how to dance... with a deadline. and you...rent from national. because only national lets you choose any car in the aisle... and go. you can even take a full-size or above, and still pay the mid-size price. this is awesome. [ male announcer ] yes, it is, business pro. yes, it is. go national. go like a pro. a short word that's a tall order. up your game. up the ante. and if you stumble, you get back up. up isn't easy, and we ought to know. we're in the business of up. everyday delta flies a quarter o
faster than expected slowdown could say about the global economy. >>> tweet time. one controversy after another with the nfl's replacement refs in last night's game between seattle and green bay only made things worse. a controversial call give the seahawks the win over the packers. you see two different calls there from the officials. so, if your portfolio was decided on by nfl replacement refs they would have told you to buy what and here's why. tweet us and we'll read your answers...
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Jun 19, 2012
06/12
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economy on the data we had last week is slowing down. it is decelerating and growing and growing less quickly and therefore you get central bank injections. this rally cannot be optimism about anything else. >> right. we should note here we're watching jamie dimon, the ceo of j.p. morgan entering the financial house services committee hearing where he will give testimony. it is prepared testimony, the same testimony he gave last week to the senate banking committee. he will be answering questions from house representatives, though, so we'll be listening in on this hearing very carefully to see what sort of tone the house takes. >> likely to be more boyce us are. >> and hopefully build on what was learned from what we got into the senate hearing last week and delve deeper into the issues such as how do you create regulation if you can't define what prop trading is for instance. >> let's bring in tom hagerman, a financial services analyst. he has a mutual rating on j.p. morgan and a $50 price target. good morning to you. what are you watch
economy on the data we had last week is slowing down. it is decelerating and growing and growing less quickly and therefore you get central bank injections. this rally cannot be optimism about anything else. >> right. we should note here we're watching jamie dimon, the ceo of j.p. morgan entering the financial house services committee hearing where he will give testimony. it is prepared testimony, the same testimony he gave last week to the senate banking committee. he will be answering...
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Mar 29, 2012
03/12
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eye 179
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the only time you start seeing lower gas prices is when the economy is doing badly. that's not the kind of pattern that we want to be in. we want the economy to be doing well and people to be able to afford their energy costs. and keep in mind, we can't just drill our way out of this problem. as i said, oil production here in the united states is doing very well. and it's been doing even as gas prices are going up. well, the reason is because we use more than 20% of the world's oil but we only have 2% of the world's non-oil reserves. that means we could drill every drop of american oil tomorrow, but we'd still have to buy oil from other countries to make up the difference. we'd still have to depend on other countries to meet our energy needs. and because it's a world market, the fact that we're doing more here in the united states doesn't necessarily help us because even u.s. oil companies, they're selling that oil on a worldwide market. they're not keeping it just for us. and that means that if there's rising demand around the world, then the prices are going to go
the only time you start seeing lower gas prices is when the economy is doing badly. that's not the kind of pattern that we want to be in. we want the economy to be doing well and people to be able to afford their energy costs. and keep in mind, we can't just drill our way out of this problem. as i said, oil production here in the united states is doing very well. and it's been doing even as gas prices are going up. well, the reason is because we use more than 20% of the world's oil but we only...
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Dec 21, 2012
12/12
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economy. we had great numbers yesterday. we had a good head of steam in housing and durable goods. >> better than expected at least. >> i think you could cool the economy a little bit. but unlike 2008, where i was worried that my paycheck wouldn't cash and my bank would fail, unlike the debt ceiling -- >> i know that. i'm saying it is a very, very different time now, no doubt about it. the only thing being we're relying on our leaders in washington to try to craft some sort of solution. >> did you have quotes around the word leader then? i'm only watching your lips. if you were to type that, would there be quotes around leaders? >> yes. >> thank you. i rest my case. >> i'm willing to take those quotes off. >> if they show that they are truly leaders without quotes. >> i come to work every day, my tallahassee paycheck, still in my wallet. i was a reporter. i made $137 a week. and if i had seen that go down to 127, i would have been angry. that was my subsistence. there are people who play for d
economy. we had great numbers yesterday. we had a good head of steam in housing and durable goods. >> better than expected at least. >> i think you could cool the economy a little bit. but unlike 2008, where i was worried that my paycheck wouldn't cash and my bank would fail, unlike the debt ceiling -- >> i know that. i'm saying it is a very, very different time now, no doubt about it. the only thing being we're relying on our leaders in washington to try to craft some sort of...
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205
Apr 12, 2012
04/12
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economy. but there have to be a lot of losers. even speculators on the -- >> a lot of people speculate about a bottom of coal. >> jim schchanos saying he shor the coal names. we take a look at the individual coal names and just over the past month, increase in shortage has been tremendous. console energy had a 46.5% increase. alpha natural, up 17.9%. so this has been becoming a crowded trade short the coal names. and goldman sachs is pointing out that all the conversions for utilities that have happened away in coal to nat gases have pretty much happened. that's that's it. so maybe there's a bottom here. >> csx do good coal loadings. if you want to play this, you know iron has bottomed. if you want to get a little coal here, this would be the saver na safe er maim. i thought maybe i have to rein it in. >> 30% year to date. shocking. >> that's the north face, not the jacket, but the way that it costs down. >> yes. coming up next, exclusive insight from inside facebook's ipo road show. what the company can't say out loud. and take a
economy. but there have to be a lot of losers. even speculators on the -- >> a lot of people speculate about a bottom of coal. >> jim schchanos saying he shor the coal names. we take a look at the individual coal names and just over the past month, increase in shortage has been tremendous. console energy had a 46.5% increase. alpha natural, up 17.9%. so this has been becoming a crowded trade short the coal names. and goldman sachs is pointing out that all the conversions for...
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May 31, 2012
05/12
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we know they are a vibrant economy. we're not surprised that investors are using that as a safe harbor, there just aren't enough safe harbors right now. >> exactly. the so-called tallest midget. thanks again, rick santelli. >>> want to move to stocks in the faber report. take a look at sirius satellite up 2%. we got news this morning from liberty media. you may recall liberty owns a huge slice of preferred stock which is now going to be converting some of it into common. all of this as well as it tries. well, here is what's really happening. they are in a battle with the man who runs sirius. they are basically putting two things on the table. saying we're going to a 51% ownership stake, get the fcc to agree we own this company. we're going to do that and everything that comes along with that. or, mel, you're going to agree to allow a reverse mortgage trust, tax-free manner to our shareholders. we include an operating business of some kind and therefore we get that tax-free status i referred to. so that's what you've got
we know they are a vibrant economy. we're not surprised that investors are using that as a safe harbor, there just aren't enough safe harbors right now. >> exactly. the so-called tallest midget. thanks again, rick santelli. >>> want to move to stocks in the faber report. take a look at sirius satellite up 2%. we got news this morning from liberty media. you may recall liberty owns a huge slice of preferred stock which is now going to be converting some of it into common. all of...
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Jul 2, 2012
07/12
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>> i think the economy is slowing anyway. you obviously have 20% of the earnings in the united states, s&p come from europe, china about 4.6% of their exports go to europe. an ben bernanke basically didn't help us with another operation twist. i think he signaled to congress he need some fiscal policy, but the fact is if you look at the fed policy, at 1.9 plus trillion, it's really -- so all the monetary bullets have been fired at this point. >> in terms of sectors, you know, i.t. for the quarter was down almost 7%, but you are seeing some good plays and you're a value guy, right? >> absolutely. if you look at some of these companies that have bulletproof balance sheets, a company like qualcomm, with over $14 in cash, telling at 10 1/2 this times earnings if you back out the cash, a new play here in massachusetts, emc, which is the leader in virtualization, because they own 80% they also have the dish drive business. that's selling about a 13 p.e., and two smaller plays, one teradyne, and they dominate the space. that's selli
>> i think the economy is slowing anyway. you obviously have 20% of the earnings in the united states, s&p come from europe, china about 4.6% of their exports go to europe. an ben bernanke basically didn't help us with another operation twist. i think he signaled to congress he need some fiscal policy, but the fact is if you look at the fed policy, at 1.9 plus trillion, it's really -- so all the monetary bullets have been fired at this point. >> in terms of sectors, you know,...
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Jun 7, 2012
06/12
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economy. he has to hint that the problem is really europe. he has to say, listen, i've got the economies back. carl, i don't mean to say that the chairman doesn't matter. but the china rate cut on top of what sounds like the new york times is on a special rate deal, meaning the auction was good, this is what matters. if bernanke stays out of the way, we can continue to have a continuation of this -- i tell you what i'm most fearing, that things are really bad and he doesn't do anything. all that does is confirm what we are afraid of. i keep coming back to, china would not have cut until they know there's a deal in europe. they don't waste their money over there. they are very smart. they are much smarter than we are. >> melissa, go ahead. >> if traders are hanging on their hat of bernanke giving clues, they are hanging onto too much. the market participants that i've been speaking to are not expecting much out of bernanke, especially the fed meeting coming off and the g-20 meeting. they are no
economy. he has to hint that the problem is really europe. he has to say, listen, i've got the economies back. carl, i don't mean to say that the chairman doesn't matter. but the china rate cut on top of what sounds like the new york times is on a special rate deal, meaning the auction was good, this is what matters. if bernanke stays out of the way, we can continue to have a continuation of this -- i tell you what i'm most fearing, that things are really bad and he doesn't do anything. all...
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Feb 28, 2012
02/12
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economy, quantitative easing has pumped up stocks. but in the end, all of this pumping is supposed to be a pumping of a process where real investors down the road take the place of all this liquidity. meaning italy and these countries will be funded by real investors. if that doesn't occur, i don't care how much higher power the banks like the ecb have, wouldn't it be a lost gain at some point? >> it would. you're going to have to get confidence in these countries and it is the individual that's going to force that issue. >> i think we lose sight of that. the issue with all this help is to be self-us is feigning at some point. that's a discussion i haven't even heard yet. >> they're looking towards greece as to when they will be self-sustaining. they're talking 2015, 2020 maybe. >> just like the nasdaq ever reaching 5,000. you and i aren't going to be around to see such a thing. >> doesn't look like it. >> thank you very much, rick santelli in chicago. half an hour or so since apple stories crossed the wire that they would launch the
economy, quantitative easing has pumped up stocks. but in the end, all of this pumping is supposed to be a pumping of a process where real investors down the road take the place of all this liquidity. meaning italy and these countries will be funded by real investors. if that doesn't occur, i don't care how much higher power the banks like the ecb have, wouldn't it be a lost gain at some point? >> it would. you're going to have to get confidence in these countries and it is the individual...
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Jun 18, 2012
06/12
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economy stronger. >> and of course that's what has been driving these markets as well. let met get your take on the regulatory environment, people are wonder if citi is it compliant for basel 3. today it's down to -- we've so almost $600 billion of assets. having said that, we have one of the strongest capital positions in the world. we are at 12.5% on basel 16789, reported tier 1 com and on track to be over 8% by the end of the year. that's a very, very different citi than three years ago. we're a completely different organization. >> vikram, i think we're going to wrap it up here for our live portion, but when we sit down in a few minutes for our "closing bell" issue, i'm going to talk about your dividend. >> terrific. >> a lot of people want to know if a dividend is coming in 2012. that you will here today at 3:00 p.m. eastern. thank you for joining us. >> it's a pleasure to be here. thank you. >>> i'll send it back to you. >>> thank you, maria. thank you, vikram pandit. a very different time to figure out what to do with a bank. would have been a terrific moment if
economy stronger. >> and of course that's what has been driving these markets as well. let met get your take on the regulatory environment, people are wonder if citi is it compliant for basel 3. today it's down to -- we've so almost $600 billion of assets. having said that, we have one of the strongest capital positions in the world. we are at 12.5% on basel 16789, reported tier 1 com and on track to be over 8% by the end of the year. that's a very, very different citi than three years...
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Sep 27, 2012
09/12
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we could grow the economy. that's what governor romney is going to try to do and i think eventually that will be reflected in the polls. >> when i look at my own state, our governor quinn has let a few slips, call them freudian slips almost hinting that should illinois get in big trouble, probably the federal government will find a way to help. this is nothing that i want to hear even talked about indirectly. do you think this will be an issue at some point? >> it could be. and let me be very clear. in nebraska and all across america, i just chaired the national governor's association this past year. americans do not want the federal government to bail out states that have failed, that have failed to adopt a balanced budget, that they continue to raise taxes. that's not what we want as americans. we want states to control their spending, create more jobs. so i certainly don't think the federal government ought to bail out a state like illinois or california if they can't do it themselves. >> governor, it's been
we could grow the economy. that's what governor romney is going to try to do and i think eventually that will be reflected in the polls. >> when i look at my own state, our governor quinn has let a few slips, call them freudian slips almost hinting that should illinois get in big trouble, probably the federal government will find a way to help. this is nothing that i want to hear even talked about indirectly. do you think this will be an issue at some point? >> it could be. and let...
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Sep 17, 2012
09/12
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and if you believe michael over at jpmorgan, an economy-moving event. putting out a piece saying this could boost gdp by a couple of tenths. this is a terrific stock. i always tell the story, one of our traders was out to dinner, one of our financial traders, with five financial p.m.s and he asked them how many of them owned apple and they all raised their hand. pretty clearly this is the dominant part of a number of portfolios and obviously it's coming up quickly on 700. >> let's bring in our analyst, will power is an analyst, got an outperform rating on the stock, $750 price target. will, good to see you. >> good g. >> does it look like they'll raise estimates at this point? >> it's a built of a groundhog day, isn't it? iphone mania strikes again. i think the numbers do suggest an upward bias to estimates and we'll evaluate how things proceed in the next couple of weeks. >> how closely, todd, is your price target to your current earnings estimates? i'm just wondering if there is an upward bias on where your price target is if estimates have to come up
and if you believe michael over at jpmorgan, an economy-moving event. putting out a piece saying this could boost gdp by a couple of tenths. this is a terrific stock. i always tell the story, one of our traders was out to dinner, one of our financial traders, with five financial p.m.s and he asked them how many of them owned apple and they all raised their hand. pretty clearly this is the dominant part of a number of portfolios and obviously it's coming up quickly on 700. >> let's bring...
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Jun 11, 2012
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that happened for us when the economy bottomed out. if you look at the growth numbers, there is no real prospect coming to that. it's an important step but it's clearly they have not gotten all three parts of the banking system problem resolved. it's problem. we don't think that the situation has run its course. the sell off has not run its course either. >> let's cut to the chase of your prosqulexs. your end of your target is basically where we are now. within that two things are going on. on the one side you say that you are shifting bond cyclical. you have down gladed tech and you are upglading utilities. but you also think that there could be. >> we have seen a series of moves. about five weeks or so ago. we do anticipate a buying opportunity later in the summer. i hate for it to happen similar ly. if you think about the drivers, you have got a bottoming out. you have additional monitor policy which i put well behind the growth outlook. and then in 2010, we had optimism related to the elections. as you get there. at that point we h
that happened for us when the economy bottomed out. if you look at the growth numbers, there is no real prospect coming to that. it's an important step but it's clearly they have not gotten all three parts of the banking system problem resolved. it's problem. we don't think that the situation has run its course. the sell off has not run its course either. >> let's cut to the chase of your prosqulexs. your end of your target is basically where we are now. within that two things are going...
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May 14, 2012
05/12
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economy. jane wells is live in palo alto looking at the hoodie economy. going, jane. >> simon, facebook's old offices were in this building which now houses a company that sells, yes, hoodies. and this, america, is the new power suit. the $148 executive pinstripe hoodie giving new meaning to leadership style. a good gift for mark zuckerberg on this his 28th birthday? he is known to be a man of modest tastes, drives an acura, lives in a relatively modest house. has one unusual potentially expensive interest is hunting. here's a photo that he calls the great goat roast of 2009. maybe get him a cross bow. i asked for gift ideas on twitter. here's what i got. for his 2th birthday a 28% tax rate but he doesn't have that. a hoodie tux he'd do, shoes with laces? maturity from real don johnson, a shirt and tie from handicapper bill and a break from deckerberg's hood. here in silicon valley, if you look around, most tech workers are surprised anyone cares what zuckerberg wears. >> doesn't follow the crowd. i don't think he should. >> doesn't seem like he's done an
economy. jane wells is live in palo alto looking at the hoodie economy. going, jane. >> simon, facebook's old offices were in this building which now houses a company that sells, yes, hoodies. and this, america, is the new power suit. the $148 executive pinstripe hoodie giving new meaning to leadership style. a good gift for mark zuckerberg on this his 28th birthday? he is known to be a man of modest tastes, drives an acura, lives in a relatively modest house. has one unusual potentially...
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Sep 7, 2012
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their economy is okay. now the rest of europe that's been spending money, working 35 hours a week and retires in their 50s, they are saying we are broke and want german money. the final word on europe has not been written because there is a lot of dissension on what they are planning on doing. >> james, thank you. melissa lee, back to you. >>> we are just a few minutes away from europe's close. we have the details on how it's impacting the u.s. here. that is next after this. eaming , any way you want. fully customize it for your trading process -- from thought to trade, on every screen. and all in real time. which makes it just like having your own trading floor, right at your fingertips. [ rodger ] at scottrade, seven dollar trades are just the start. try our easy-to-use scottrader streaming quotes. it's another reason more investors are saying... [ all ] i'm with scottrade. oh, hey alex. just picking up some, brochures, posters copies of my acceptance speech. great! it's always good to have a backup plan,
their economy is okay. now the rest of europe that's been spending money, working 35 hours a week and retires in their 50s, they are saying we are broke and want german money. the final word on europe has not been written because there is a lot of dissension on what they are planning on doing. >> james, thank you. melissa lee, back to you. >>> we are just a few minutes away from europe's close. we have the details on how it's impacting the u.s. here. that is next after this....
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Sep 14, 2012
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i'm not a big fan of the indian economy but they use a lot of coal. the world is still going to coal even as in our country it is in a secular decline. i am not recommending any cold k coal companies. if obama wins the election i think he'll say, listen, there will never be another coal plant in this country. >>> opening bell in three minutes. a short word that's a tall order. up your game. up the ante. and if you stumble, you get back up. up isn't easy, and we ought to know. we're in the business of up. everyday delta flies a quarter of million people while investing billions improving everything from booking to baggage claim. we're raising the bar on flying and tomorrow we will up it yet again. oh, hey alex. just picking up some, brochures, posters copies of my acceptance speech. great! it's always good to have a backup plan, in case i get hit by a meteor. wow, your hair looks great. didn't realize they did photoshop here. hey, good call on those mugs. can't let 'em see what you're drinking. you know, i'm glad we're both running a nice, clean race.
i'm not a big fan of the indian economy but they use a lot of coal. the world is still going to coal even as in our country it is in a secular decline. i am not recommending any cold k coal companies. if obama wins the election i think he'll say, listen, there will never be another coal plant in this country. >>> opening bell in three minutes. a short word that's a tall order. up your game. up the ante. and if you stumble, you get back up. up isn't easy, and we ought to know. we're in...
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Jul 27, 2012
07/12
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but there's a war against the economy. of what's happening. and we should come together as much as possible to find solutions where we can provide jobs, opportunities for the people of our country so that they can succeed. >> and it just strikes me after hearing what ceos of eden and bng have told you about their willingness to invest. the degree to which they're willing to enter any kind of m&a bin held hostage by policy in this country. interesting to hear the coach reflect on that in the framework of a war, right, where you expect crises to be fixed, except when not everyone agrees there is, in fact, a war going on. >> remarkable interview, carl, because i always hope that we'll interview someone in washington who says exactly what coach "k" said. and you find yourself thinking, geez, coach "k" offers a solution. would he go to washington and talk because no one does not revere -- sorry about the doue negative -- coach "k." >> his point on war overall -- go ahead, carl. >> i was going to say. we'll have more with coach "k" coming up in the
but there's a war against the economy. of what's happening. and we should come together as much as possible to find solutions where we can provide jobs, opportunities for the people of our country so that they can succeed. >> and it just strikes me after hearing what ceos of eden and bng have told you about their willingness to invest. the degree to which they're willing to enter any kind of m&a bin held hostage by policy in this country. interesting to hear the coach reflect on that...
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Aug 24, 2012
08/12
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and global economy. in the short run, september could certainly be an interesting month as we gauge what the ecb is going to do. i know there were stories coming out this morning on the news wire talking about a temporary greek exit from the currency block. i think that this would be, you know, a big problem and potentially if it's not handled well could be disruptive to the european economic outlook and in turn the broader global outlook. >> yeah. i mean what kind of odds would you put on that? you're referring to headlines today that say maybe they don't get a divorce necessarily, but they get a brief separation. you think that would be disruptive? >> you know, if it's executed perfectly then it could be effective, but i think the odds of executing it perfectly and then the nondisruptive fashion, you know, are pretty substantial. >> david, you know, looking at fund mentals to the degree we can do that claims are still close to their lows for the year, housing people excited about that, even some weird
and global economy. in the short run, september could certainly be an interesting month as we gauge what the ecb is going to do. i know there were stories coming out this morning on the news wire talking about a temporary greek exit from the currency block. i think that this would be, you know, a big problem and potentially if it's not handled well could be disruptive to the european economic outlook and in turn the broader global outlook. >> yeah. i mean what kind of odds would you put...
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Dec 20, 2012
12/12
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economy tom porcelli will join us live. plus ups expects to have the busiest day of the year for shipping. we'll have a live report still ahead. tdd#: 1-800-345-2550 and the streetsmart edge trading platform from charles schwab... tdd#: 1-800-345-2550 gives me tools that help me find opportunities more easily. tdd#: 1-800-345-2550 i can even access it from the cloud and trade on any computer. tdd#: 1-800-345-2550 and with schwab mobile, tdd#: 1-800-345-2550 i can focus on trading anyplace, anytime. tdd#: 1-800-345-2550 until i choose to focus on something else. tdd#: 1-800-345-2550 all this with no trade minimums. tdd#: 1-800-345-2550 and only $8.95 a trade. tdd#: 1-800-345-2550 open an account with a $50,000 deposit, tdd#: 1-800-345-2550 and get 6 months commission-free trades. tdd#: 1-800-345-2550 call 1-866-294-5373. you can stay in and like something... or you can get out there and actually like something. the lexus december to remember sales event is on. this is the pursuit of perfection. can i still ship a gift in tim
economy tom porcelli will join us live. plus ups expects to have the busiest day of the year for shipping. we'll have a live report still ahead. tdd#: 1-800-345-2550 and the streetsmart edge trading platform from charles schwab... tdd#: 1-800-345-2550 gives me tools that help me find opportunities more easily. tdd#: 1-800-345-2550 i can even access it from the cloud and trade on any computer. tdd#: 1-800-345-2550 and with schwab mobile, tdd#: 1-800-345-2550 i can focus on trading anyplace,...
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Jul 12, 2012
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economy and still we're stalling. can you explain why that is happening before you go on to the ten-year view? you have to understand that first of all. if america is going to get itself out of here and we're going to get more people back to work. >> sure. well, look, i am not at all disputing the fact that times are tough now. the last years have been disappointing, especially given the fiscal monetary stimulus thrown at it. first of all, the growth that the united states has had has been better than what britain and europe has had. second of all, we've made enormous progress in getting rid of the imbalances that led to the crisis. i mean, remember the work that shows, you know, in the wake of a crisis you almost always got sluggish growth. we are making progress in terms of getting household debts down. >> let me ask you this. is there not a big problem here that we have major structural unemployment, it's not cyclical, people don't have the skills, they're in the wrong part of the country, we don't have the industr
economy and still we're stalling. can you explain why that is happening before you go on to the ten-year view? you have to understand that first of all. if america is going to get itself out of here and we're going to get more people back to work. >> sure. well, look, i am not at all disputing the fact that times are tough now. the last years have been disappointing, especially given the fiscal monetary stimulus thrown at it. first of all, the growth that the united states has had has...
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Jun 1, 2012
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clearly, they need to improve risk in the economy. and they can only do that, we think, through unsterilized intervention. >> you think there would be ammunition in that particular bag, the unsterilized bag? >> that's right. well, greater potential in the unsterilized than sterilized. in qe2 risk assets rose, the dollar fell, the commodities increased, e merging markets increased. that doesn't happen in operation twist. operation twist got yields lower but didn't provide a risk to boost assets. we think that's why there's an argument for unsterilized relative to sterilizing intervention. >> finally, when a client calls today and says, i want out of stocks. i want to hug fixed income full boar. what do you say in response? >> well, we don't love that. only poultry will return in the 30-year, but investors are increasingly concerned about the return of their capital, particularly the real return of their capital rather than return on their capital. so that's what is driving investors into treasuries and yields continue to decline becaus
clearly, they need to improve risk in the economy. and they can only do that, we think, through unsterilized intervention. >> you think there would be ammunition in that particular bag, the unsterilized bag? >> that's right. well, greater potential in the unsterilized than sterilized. in qe2 risk assets rose, the dollar fell, the commodities increased, e merging markets increased. that doesn't happen in operation twist. operation twist got yields lower but didn't provide a risk to...
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May 8, 2012
05/12
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still, he favors government control of the economy. here's some of what he's saying today that has frightened the market. whether it should have frightened him or not is the question. restoration of collective bargaining agreements. restoration of salaries and pensions. publication of black rock's examination of the banks. yes, the new york firm has done a very in depth look at banks. the results have never been released despite my best efforts to get it leaked to me. nobody's seen it yet. moratorium on all debt payments until after an investigation into the bailout. and he wants state control of all the banks. that is very similar, a lot of that, to what he said to me back in september. >> what you have to do to pay the banks and to catch the pensions and salaries for the people who don't have to leave, i think this is not a solution. >> so that's a default. if you don't pay the banks, that's a default. >> no, we have the opportunity to have the banks under state control. >> if he and a future greek government were to follow all his g
still, he favors government control of the economy. here's some of what he's saying today that has frightened the market. whether it should have frightened him or not is the question. restoration of collective bargaining agreements. restoration of salaries and pensions. publication of black rock's examination of the banks. yes, the new york firm has done a very in depth look at banks. the results have never been released despite my best efforts to get it leaked to me. nobody's seen it yet....
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Mar 2, 2012
03/12
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an economy, it is auto sales. earlier this year we had thought that maybe we could do 13, $14 million. already we're -- the pace yesterday, we're talking about doing 15.1. this is why the industrial economy is doing well. guess who is leading the charge? it is chrysler. we talk about whether clint eastwood was making a political statement, he was making a money statement. that ad worked. chrysler is dominating in terms of the increase in share. you really got to appreciate what they're doing. this is a hot one. >> what is the story here? >> this is a -- this is the old dress barn. justice -- >> the old dress barn is a -- >> dress barn, and believe it or not, this had the single best cop number versus expectations of any retailer last -- any retailer that i follow and this stock is not done going up. >> what do you do with it? >> still buy it. i'll tell you why. jaffe, the ceo, has turned around this company and it would be valued at around here if it were just to be versus the rest of them, the targets, the ross s
an economy, it is auto sales. earlier this year we had thought that maybe we could do 13, $14 million. already we're -- the pace yesterday, we're talking about doing 15.1. this is why the industrial economy is doing well. guess who is leading the charge? it is chrysler. we talk about whether clint eastwood was making a political statement, he was making a money statement. that ad worked. chrysler is dominating in terms of the increase in share. you really got to appreciate what they're doing....
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Mar 27, 2012
03/12
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economy? each and every time, ben bernanke, the decider has i've called him, as decided in favor of activism and probably will continue to. as his speech outlined yesterday, the fed is worried about lapses in agate demand. we've known for decadedecades, is the subject of debate in washington. that can't be talked about these days give b the large deficits and debts the u.s. has. the fed is the only game in town to fill the lapses in agate demand. bernanke is taking no chances and knows or believes cyclical forces here at play, again, something the fed could counter. the bond market is less sure about whether it will happen because of the recent strength in data. >> tony, stay right there. i want to break away for just a moment, get john harwood for breaking news out of the epa in washington. john? >> carl, within the hour, the environmental protection agency and the obama administration are going to throw another log on to the fire of the energy debate in this country. they're going to initiat
economy? each and every time, ben bernanke, the decider has i've called him, as decided in favor of activism and probably will continue to. as his speech outlined yesterday, the fed is worried about lapses in agate demand. we've known for decadedecades, is the subject of debate in washington. that can't be talked about these days give b the large deficits and debts the u.s. has. the fed is the only game in town to fill the lapses in agate demand. bernanke is taking no chances and knows or...
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Feb 1, 2012
02/12
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>> germany's economy is so strange. we're making no money in this country on ---ive to tell you, this is all about blooding the rest of the continent with money and there are people who want to be in a hard money situation. i guess they feel it's germany. guess what sf it's the same currency. i would be a seller of german bonds. >> tonight? >> core labs. i want to find out whether you can switch quickly enough from drilling for natural gas to drilling for deep oil and regular oil. i think you can. and we're continuing the series. people are spending money on things they don't need. big ticket things. >> quickly, dow jones is reporting amr is going to cut 15,000 jobs. also, a double dose of breaking economic news on the other side of this break. stay tuned. mber the day my doctr told me i have an irregular heartbeat, and that it put me at 5-times greater risk of a stroke. i was worried. i worried about my wife, and my family. bill has the most common type of atrial fibrillation, or afib. it's not caused by a heart valve
>> germany's economy is so strange. we're making no money in this country on ---ive to tell you, this is all about blooding the rest of the continent with money and there are people who want to be in a hard money situation. i guess they feel it's germany. guess what sf it's the same currency. i would be a seller of german bonds. >> tonight? >> core labs. i want to find out whether you can switch quickly enough from drilling for natural gas to drilling for deep oil and regular...
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Jun 4, 2012
06/12
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it's borrowing and pumping up the economy. isn't that what we need? looking at me with two heads, david. >> i'm just thinking about what the response would be from the tea party or from most of the republican party. that's not going to happen in this environment. you can hear the criticism of it. i mean, if rick santelli were on, he'd be yelling at you. >> yes, he would. i don't like to be yelled at by rick because he's a buddy. >> probably yelling right now. >> if he's listening. >> come on, jim! >> i like rick so much. i don't want to argue with him. i like the comedy comity kind. >> as we mentioned to you, ceo robert benmosche quoted as saying he will likely have to work until the age of 80. we asked you to complete the following sentence. if benmosche were right, i wish i had blank. let us know. we've got some of your answers straight ahead. >>> as we take a break, take a look at some of this morning's early movers on wall street. high schools in six states enrolled in the national math and science initiative... ...which helped students and teache
it's borrowing and pumping up the economy. isn't that what we need? looking at me with two heads, david. >> i'm just thinking about what the response would be from the tea party or from most of the republican party. that's not going to happen in this environment. you can hear the criticism of it. i mean, if rick santelli were on, he'd be yelling at you. >> yes, he would. i don't like to be yelled at by rick because he's a buddy. >> probably yelling right now. >> if he's...
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Nov 2, 2012
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economy is hard to measure. that's why it's important to take a broad look and not overreact to any particular report, try to keep the numbers in perfespective. >> dr. krueger, thank you so metropolitan for your time. good to see you as always. >> thank you. >> alan krueger from the white house. >>> we continue on ipo watch, one of the three here at the new york stock exchange trading higher, $23.20 the last trade. i want to go to bob pisani in the crowd. restoration hardware, bob, it looks like the top end has risen. >> reporter: yes, $32 to $32.25. remember, the range here, $22 to $24, priced at $24. the talk and they hand icap basd on what they think the demand is, but $2 at $26 looking at $32. i am told the deal was 28 times over subscribed and you don't have anything to compare that to, that's a lot. you hear four times oversubscribed but on those numbers that's quite a remarkable number. remember, the ipo trend here, keep the size smaller. we're dealing with over 5 million shares. that's not a lot. the two
economy is hard to measure. that's why it's important to take a broad look and not overreact to any particular report, try to keep the numbers in perfespective. >> dr. krueger, thank you so metropolitan for your time. good to see you as always. >> thank you. >> alan krueger from the white house. >>> we continue on ipo watch, one of the three here at the new york stock exchange trading higher, $23.20 the last trade. i want to go to bob pisani in the crowd. restoration...
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Jun 27, 2012
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i was asking you why the economy isn't doing better here. the answer to that question is important when you're picking stocks. >> no. i'm sorry. that's a very good question. look, i think we went through monetary and fiscal policy, a lot of monetary and fiscal stimulus. we could argue whether that was as effective. the reality is traditional monetary and fiscal policy is geared towards credit sensitive sectors. we had a bubble in the credit sensitive sectors. history shows very clearly you can reflate a bubble. not just in the united states but around the world, we're trying to counter-act deflation sensitive sectors, that is not going to work. history shows that very clearly. i don't think it's a matter of monetary policy or keynesian, that's where the bubble was, have to look for a new solution. >> you made it clear you like u.s. focused stocks, trying to avoid multiics national banks specifically. does it work to focus on u.s. focused banks at this point? one data point we heard out of lennar one headwind is very conservative lending stan
i was asking you why the economy isn't doing better here. the answer to that question is important when you're picking stocks. >> no. i'm sorry. that's a very good question. look, i think we went through monetary and fiscal policy, a lot of monetary and fiscal stimulus. we could argue whether that was as effective. the reality is traditional monetary and fiscal policy is geared towards credit sensitive sectors. we had a bubble in the credit sensitive sectors. history shows very clearly...
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Apr 5, 2012
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what we'll see are the two economies looking more like each other and both economies will reinforce each other's growth patterns because one will be a producer of the commodities needed by the other. >> reporter: of course it all comes down to china, at least in jp morgan's view, and they see china's growth in terms of natural gas demand at 18% a year. that's why china will become the second is largest natural gascon assumer. they say in about two-year's time. this puts it on a domestic commodity, exactly the kind of training they're hoping the students who come here to this commodities center will learn. that is why jpmorgan has partnered with the university here to make this commodity center. we'll hear a lot more about the commodities center. we're going to talk to the head of global commodities, blythe masters on power lunch and ask her more than about the commodities center but also about her outlook for commodities and much, m m coming up on "power lunch." back to you guys. >> sharon, can't wait for that. sharon epperson in denver. art cashin joins us here to talk about some market
what we'll see are the two economies looking more like each other and both economies will reinforce each other's growth patterns because one will be a producer of the commodities needed by the other. >> reporter: of course it all comes down to china, at least in jp morgan's view, and they see china's growth in terms of natural gas demand at 18% a year. that's why china will become the second is largest natural gascon assumer. they say in about two-year's time. this puts it on a domestic...
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Mar 22, 2012
03/12
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economy. >>> orange you glad you tuned in to cnbc right now? >> oh. >> awful. >> painful. >> straight from the opening bell first on cnbc celebrating its ipo is exact target, helping clients and customers connect through the web, e-mail, mobile, text writing. joining us is the ceo of exact target. scott, welcome and congra congratulatio congratulations. >> thank you. happy to be here. >> a lot of demand. why not jack up the share count? >> our investors are long on the company. this was all primary. we had no secondary sellers. two of our larger investors bought into the offering so we're very excited about the future of our company. >> we talk about the future, we look at some of your clients and to bob pisani's point, this is a growing industry but a lot of privacy concerns around the industry. how much information is too much? we know critics will be out, now that you're public, how do you counter that? >> our mission or the foufor th our company 11 years ago is communications. >> consumers
economy. >>> orange you glad you tuned in to cnbc right now? >> oh. >> awful. >> painful. >> straight from the opening bell first on cnbc celebrating its ipo is exact target, helping clients and customers connect through the web, e-mail, mobile, text writing. joining us is the ceo of exact target. scott, welcome and congra congratulatio congratulations. >> thank you. happy to be here. >> a lot of demand. why not jack up the share count? >> our...
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Jul 3, 2012
07/12
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she'll give us her view on global economy, what she thinks of the state of the economy here in the u.s. . ubs making a bearish call cutting its call on the index by 100 points. we'll talk to the man who made the call and see why he's cautious. affecting the cost of your favorite glass of wine. how much more you'll pay for discount brands. all that and more in the next hour. >>> start with corner office at barclays, bank ceo and coo resigning in the wake of the libor manipulation scandal. talking about a story that involved first the top three managers of the bank and now including some of the regulators at the bank of england. kelly evans live in london with the latest on that. kelly, the story has been broadening very quickly. >> carl, it's just incredible. i've got documents in front of me barclays released head of the appearance tomorrow. here is a key example. barclays coo after meetings with regulators with the bank of england in 2008 concluded that an instruction had been passed down from the bank of england not to keep libor so high and therefore a direction to that affect to th
she'll give us her view on global economy, what she thinks of the state of the economy here in the u.s. . ubs making a bearish call cutting its call on the index by 100 points. we'll talk to the man who made the call and see why he's cautious. affecting the cost of your favorite glass of wine. how much more you'll pay for discount brands. all that and more in the next hour. >>> start with corner office at barclays, bank ceo and coo resigning in the wake of the libor manipulation...
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Jun 20, 2012
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economy, $6 trillion in revenues. they have got a pretty good handle on things and they are worried congress keeps wanting to put things off until after the election but maybe europe doesn't allow us to wait. certainly i think for leadership purposes we shouldn't wait. >> governor, i'm wondering if there's a difference in opinion in terms of the business outlook when you talk to ceos more internationally oriented versus ones that drive more revenues domestically. >> melissa, that's a good question. most ceos have international business. we have a significant segment more domestically focused. even domestic, health industry, they are awaiting a big ruling from the supreme court that will have implications. if you're domestic in terms of energy, you're kind of wondering what the regulatory policy will be. if you're domestic tied to housing, what are we going to do with freddie and fannie. everywhere we look an epidemic of uncertainty. political confidence on all of this can be dealt with in lame-duck session or later is
economy, $6 trillion in revenues. they have got a pretty good handle on things and they are worried congress keeps wanting to put things off until after the election but maybe europe doesn't allow us to wait. certainly i think for leadership purposes we shouldn't wait. >> governor, i'm wondering if there's a difference in opinion in terms of the business outlook when you talk to ceos more internationally oriented versus ones that drive more revenues domestically. >> melissa, that's...
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Dec 31, 2012
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economy is arguably improving, the german economy is deteriorating and much of the eurozone economy is also deteriorating. they will be in recession throughout 2013. and as the financial times points out today, it's been fine for the ecb to promise it would wait in for 2012, but it may physically have to do that for 2013 and that may not be enough for draghi on their own. you'll have to have more political action from the politicians and of course you also have the question as to whether the likes of greece will hit their deficit target. so next year is tough, but for the moment let's have a pass. >> i think they will do that and so are we. happy new year. >>> let's bring in mary thompson at the big board. down 2 points. >> what we're mostly listening for are any comments out of washington. as you mentioned, we have a mixed market. dow down slightly, but nasdaq and s&p holding on to gains. the market reacting to any comments, the latest from harry reid who at around 11:00 was saying that some issues still need to be resolved before they bring legislation to the floor. so in the wake of
economy is arguably improving, the german economy is deteriorating and much of the eurozone economy is also deteriorating. they will be in recession throughout 2013. and as the financial times points out today, it's been fine for the ecb to promise it would wait in for 2012, but it may physically have to do that for 2013 and that may not be enough for draghi on their own. you'll have to have more political action from the politicians and of course you also have the question as to whether the...
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Apr 30, 2012
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an 8.1% reading in the last number indicates their economy continues to slow. so i'm not necessarily thinking we have to be down in the low 1,100 range. but to support 1,400 in the s&p 500 is going to require an acceleration of economic data which is going to pinnests for earnings that analysts have raised in the second half of 2012 to something that is achievable. if we haven't going to see the manifestation of faster economic growth, i think those expectations are set a little bit too high. i could see equity prices sag back down into the low 1,300s before we resume any kind of advance, if we see a quickening of economic activity. >> so potentially 100 points from here on the s&p? >> correct. >> mark, thanks a lot for your time. appreciate it. >> thank you, melissa. >>> when we come back this morning, online travel stocks on the move. we'll see how these stocks can pack your portfolio with profits, especially if you were in expedia last week. >>> later, an exclusive interview with the chairman and ceo of dominion resources, how his company is dealing with the
an 8.1% reading in the last number indicates their economy continues to slow. so i'm not necessarily thinking we have to be down in the low 1,100 range. but to support 1,400 in the s&p 500 is going to require an acceleration of economic data which is going to pinnests for earnings that analysts have raised in the second half of 2012 to something that is achievable. if we haven't going to see the manifestation of faster economic growth, i think those expectations are set a little bit too...
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Sep 19, 2012
09/12
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will this help the economy? >> the iphone five is good, but is good good enough to keep the market at new highs? we'll have a firsthand look at the new iphone later on in the show. >>> the changing of the guard over at goldman. cfo david viniar is retiring and harvey schwartz is in and how does he lead the economy in this new era of banking. first up, less than a week after the fed's qe 3 announcement, the fed becoming the first to boost the monetary easing. the move to boost the japanese economy helping to send gold to six-month highs and the nikkei to four-month highs and it's all wrapped up, guys with the fed in a slowdown in china in the territorial dispute between japan and china. the bank of japan says it's only about the data, jim, but we'll see if that's actually true. >> the world is slowing. fedex told you that better than anyone. fedex has the pulse. there are many things being done trying to reverse the world being slowing. obviously, these all have side effects that maybe no one wants. gold, i think
will this help the economy? >> the iphone five is good, but is good good enough to keep the market at new highs? we'll have a firsthand look at the new iphone later on in the show. >>> the changing of the guard over at goldman. cfo david viniar is retiring and harvey schwartz is in and how does he lead the economy in this new era of banking. first up, less than a week after the fed's qe 3 announcement, the fed becoming the first to boost the monetary easing. the move to boost the...
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Jun 22, 2012
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economy will come into focus and those are probably the pu.s. headlines coming into focus and the stock stalls for a while. >> i'm sure people are wondering in terms of booking your ticket, the ceo commented in the earnings statement that ticket prices held firm. this is excludeing the cost of concordia properties. are we going to look at price decreases, sales in other words, going into the back half of the year? >> for the third quarter like i said before 85% of their bookings have already been done. the costa brand if you are looking to go to europe, obviously airfare is an impedime impediment. costa brand is pricing down 20% to 30%. that's certainly a better relative deal than you saw in 2011. across the board what we heard was occupancy and pricing was down. certainly a better way for consumers to take a cheaper vacation if the wallets of discretionary income are tighter this year. certainly a better pricing environment now than we've seen over the last couple of years. >> all right. got to leave it there. thank you for your time. we apprec
economy will come into focus and those are probably the pu.s. headlines coming into focus and the stock stalls for a while. >> i'm sure people are wondering in terms of booking your ticket, the ceo commented in the earnings statement that ticket prices held firm. this is excludeing the cost of concordia properties. are we going to look at price decreases, sales in other words, going into the back half of the year? >> for the third quarter like i said before 85% of their bookings...